I guess you could (say) that the Fed sees the light at the end of the tunnel, |
I guess you could (say) that the Fed sees the light at the end of the tunnel. They believe that they have taken a lot of accommodation out of policy now. |
I have a firm belief in the marketplace, ... Every day, every seller, whether it's a seller of gasoline or a seller of services -- an employee --, wants to raise the price of his or her product, but they face competition. If I want a raise, but there's someone else out there willing to do my job for less, then my boss is going to tell me that if I want a raise, get on the elevator. |
I think businesses will be more inclined to pass through more of their energy cost increases to consumers because they don't view the situation as temporary. It is really eating into their profits now and they really need to pass through more costs to consumers, |
I think it's a big deal -- I think it'll be ultimately a deal we don't care for. |
I think it's still too soon to say this is a sign that fundamental inflationary pressures are cooling off just yet. And I think commodities are due for another leg up -- this has been a correction in a still more fundamental longer-term trend up. |
I think there are some members who would prefer that the funds rate be at 3 percent, but I suspect there is a little concern about moving too fast and upsetting the household sector. |
I'm assuming we are going to see some positive effects from [the stimulus package] in the second half of the year, but the first half is quite vulnerable. If the first quarter is looking peaked, and the unemployment rate is moving up, the odds would mount for some kind of a second-quarter rate cut. |
I've thought there would be some moderation in consumer spending this year, but I also thought that job growth would be better at this point than it has been. It may be that consumer spending will moderate even more than what I'm forecasting. |
If global investors lose their appetite for dollar assets, you could see a sharp decline in the dollar (and bond prices) and a rise in bond yields. |
If he starts to see softness in the economy, and if in fact inflation is moderating, he will want to cut rates a little bit in order to have a soft landing. |
If it's working as it's supposed to work, bankruptcy ... does tend to force a reallocation of resources to the most or more productive areas, |
If it's working as it's supposed to work, bankruptcy ... does tend to force a reallocation of resources to the most or more productive areas. |
If none of us will allow our currencies to appreciate against the others, ... then they'll all depreciate against something else. Gold, copper, oil. |
If people start losing their jobs, ... it's going to be hard for them to keep current on all that debt. |